Axis Mutual Fund launches Axis S&P BSE Sensex ETF

NFO period: 10^th March – 15^th March, 2023

Highlights of the NFO:

• Scheme type – An open ended exchange traded fund tracking S&P BSE Sensex TRI


• Investment objective – To provide returns before expenses that correspond to the total returns of the S&P BSE Sensex TRI Index subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term wealth creation solution. The scheme that seeks to track returns by investing in a basket of S&P BSE Sensex TRI stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Currently, there are no plans under the scheme.


• Fund Managers – Mr. Ashish Naik


• Benchmark – S&P BSE Sensex TRI